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A sign of the Pakistan Stock Exchange is seen on its building in Karachi, Pakistan January 11, 2016. REUTERS/Akhtar Soomro/File Photo

PSX’s 100 Index loses 1,382 points in intraday trading

KARACHI: The Pakistan Stock Exchange’s KSE-100 index on Thursday plummeted by more than 1,382 points during intra-day trading in the wake of the detailed verdict of a special court in the high treason case against former president General (r) Pervez Musharraf.
The benchmark index opened at 41,603 points but started to fall around midday as the market anticipated the release of the verdict.
After the verdict was released at around 2pm, the index nosedived, plunging to 40,414 points at one stage.
However, the market bounced back in the final 45 hours of the session, regaining 434 points to close the day at 40,655.37 — an overall loss of 948 points.
The dip on Thursday was the first major one in weeks for the bourse that had been rallying sharply over improved outlook on the economy.

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